TradingView
happyastronaut
Dec 28, 2022 11:15 AM

GBPUSD - POTENTIAL SHORT ENTRY Short

British Pound/U.S. DollarFXCM

Description

GBPUSD OUTLOOK

Price trading inside bearish channel and is approaching a key order block, thus creating a potential opportunity for a sell.
Impulse Short entries can be taken once price rejects that region.

The confirmations are the SBR zone, the Trendline Breakout m and the SnD.
Let’s hope that the price will go to our sell zone first before going down to the Support zone.

We had our sells set up with potential downside in the R:R ratio of 1:3

GBPUSD
SELL LIMIT ORDER
RR 1:3

EP: 1.20900
SL: 1.21200 (30 pips)
TP: 1.20170 (73 pips)
Comments
Brilly_Dougsy
Good job
happyastronaut
@Brilly_Dougsy thank you
JoeChampion
Such a strong zone to consider!
happyastronaut
@JoeChampion yes indeed!!
Lingrid
Nice chart
happyastronaut
@Lingrid thank you!
TheFxAce
was looking to short also thanks for the confirmation 😃
happyastronaut
@TheFxAce, No problem, we're tapped in now!
More